Among the 30 Sensex companies, JSW Steel, Tata Steel, Axis Bank, Reliance Industries, ICICI Bank, Hindustan Unilever, Kotak Mahindra Bank and Asian Paints were among the biggest gainers. In contrast, Mahindra and Mahindra, Sun Pharma, NTPC, Wipro, State Bank of India and Power Grid were among the laggards.
Posts tagged Rediff
Air India banks on AI to cut call centre costs (20-06-2024)
Air India’s use of artificial intelligence (AI) has had a huge impact on the airline major’s call centre volumes and the technology integration has reduced costs by 100 times, a senior company executive said on Wednesday. The airline launched its own chatbot AI.g, earlier known as Maharaja, in May 2023. The chatbot has answered approximately two million queries since its launch, handling 93 per cent of customer inquiries without needing to pass them on to call centre agents, said Sathya Ramaswamy, Chief Digital and Technology Officer, Air India.
Why investors should focus on larger cement players (20-06-2024)
After some enforced slowdown in offtake during April-May 2024 due to elections, the cement sector is looking at a possible demand rebound which may help it to push up prices. The April’24 offtake was muted while May’24 saw some improvement with a likely 5-6 per cent rise in demand month-on-month (MoM). In June, some price hikes seem to have been taken, which suggests more sustained improvement in demand.
Adani Praises Manmohan, Modi… (20-06-2024)
‘If the period between 1991 and 2014 was about laying the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off.’
HNI Investors Grow, Retail Investors Dip (20-06-2024)
‘Indian investors have always been debt-heavy but with growing financial awareness they are getting comfortable with equities.’
Nirmalaji Listens To Economists’ Ideas (20-06-2024)
‘The Budget needs to focus more on social welfare schemes.’
AI Policy Draft Expected in 5-6 Months (20-06-2024)
‘At present, we are conducting internal consultations with legal minds and other stakeholders.’ ‘Once we have a reasonable draft, we’ll then engage in broader consultations.’
Govt Eyes Monthly, Quarterly Job Data (20-06-2024)
‘Efforts are on to make the data readily available so that it proves useful for policymakers.’
Budget 2024: What economists want from Nirmalaji (19-06-2024)
The Budget for 2024-25 should focus on employment generation, besides promoting the manufacturing sector, economists attending the pre-Budget consultation meeting with Finance Minister Nirmala Sitharaman here on Wednesday said. The meeting was attended by National Co-convenor Swadeshi Jagran Manch Ashwani Mahajan, Director and Chief Executive of the Institute for Studies in Industrial Development (ISID) Nagesh Kumar, and TCA Anant among others.
Govt raises paddy MSP by Rs 117 to Rs 2,300/quintal (19-06-2024)
The government on Wednesday raised the minimum support price (MSP) for paddy by 5.35 per cent to Rs 2,300 per quintal for the 2024-25 kharif marketing season. The hike in paddy support price comes despite the government sitting on surplus rice stocks, but it is significant ahead of elections in states like Haryana, Maharashtra, Jharkhand, and Delhi.